Syllabi and Courses of Reading
For
M.Com. (Finance) Part-I (Semester I & II)
Under CBCS
2017-18 & 2018-19 sessions 

Ordinances
Master of  commerce (fINANCE) EXAMINATIONs
(Semester System) 
1.	(a)	The examination for the degree of Master of Commerce (Finance) shall be held in two parts to be called M.Com (Finance) Part-I  and M.Com.  (Finance) Part-II. Each part shall consist of two semesters viz. Semester Ist and 2nd in Part-I and Semester 3rd and 4th in Part-II. The examination shall be held in the months of November/December  for Ist and 3rd Semester and April/May for 2nd and 4th Semester or on  such other dates as may be fixed by the University. 
	(b)	(i) The amount of admission fee to be paid by a candidate per semester for the external examinations shall be as prescribed from time to time. 
		(ii)  Last date by which the admission forms and fee for the external examinations must reach the Registrar shall be as follows: 
Semester Examination 	Without Late fee 	With 
Rs. 800/- Late Fee 	With 
Rs. 1200/- Late Fee	With 
Rs. 5000/- Late Fee	With 
Rs. 10000/- Late Fee	
November/December (odd) 	Sept. 30	Oct. 15 	Oct. 21	Oct. 31	Nov. 10*	
April/May(Even)	Feb. 28 	March 15	March 21	March 31	April 15*	
*     No Examination form will be accepted after this date. 

2.	The M.Com. (Finance) Part-I shall be open to a candidate who has passed    B.Com. B.B.A., B.M.I.T. B.Com (Professional) and Bachelor of Accounting &  Finance examinations with at least 50% marks in the aggregate from this University or any other University recognized as equivalent thereto by the Academic Council.
3.	The Assessment in each semester of M.Com. (Finance) course will be 30% internal and 70% external for each written paper. The result of the Internal Assessment shall be conveyed to the students/examination branch by the Head of the Department according to prescribed schedule. 
Internal Assessment 					Total Marks 30
Class Test (40%)							            12 Marks 
(Two tests in each semester out of which one
best will be taken for internal assessment) 

Assignment (40%)							12 Marks
(Assignment shall be based upon Journals/ Magazines/
News  Papers/Research work/Industrial visits) 

Class Participation/Performance/Snap Test (20%)		6 Marks

Note:  If a case comes to notice of Controller of Examinations where the marks awarded by the Teacher are on a very Higher/Lower side, the award will be got moderated by the following committee. 

1.	Dean of Faculty concerned  
2.	Controller of Examination 
3.	Principal/Head of the Department concerned. 
      4.	If considered necessary a member can be appointed by the Vice-Chancellor on the recommendations of Dean of Faculty concerned

4.	The syllabus for the session shall be such as prescribed by the University from time to time.
5.	There will be summer training of 6-8 weeks during summer vacations after M.Com. (Finance) Part-I (Second Semester). The students will have to submit the training report and present a seminar based on summer training in 3rd semester. The report will be evaluated internally out of 50 marks. The Result would be communicated to the Examination Branch by the Head of the Department. 

6.	M.Com (Finance) Part-II shall be open to any person who has passed M.Com (Finance) Part-I examination or has cleared at least 50% papers prescribed for first and second semester of M.Com. (Finance) Course. 
 
7.	The project Report shall carry 100 marks and shall be evaluated jointly by the external and internal examiners. The topic for the Project Report will be approved by the Department. The Project Report shall be submitted one day before the commencement of final examination. In case the difference of marks awarded by two examiners is more than 10 marks the report shall be referred to the third examiner whose award shall be final. Fee for Project Report shall be as prescribed. 
(1)	1 day before the commencement of examination (without late fee) 
(2)	From Ist day of the commencement of examination upto 45 days of commencement of examination (with late fee of Rs. 500/-)
(3)	From 46th day to 90 days (with late fee of Rs. 1000/-) 
(4)	From 91st day to 135 days (with late fee of Rs. 2000/-) 
(5)	From 136th day to 180 days (with late fee of Rs. 5000/-)
(6)	After that Examination Branch shall be informed accordingly and reappear shall be declared in Project Report paper.
8.	M. Com. (Finance)  examination is open only to candidate who satisfies the following requirements: 
(a)	Has been on the rolls of the University/College throughout the Semester Term proceeding the examination. 
(b) 	Of having good moral character. 
(c)	Of having attended not less than 75% lectures delivered to that class in each paper as well as 75% of the laboratory work, seminars etc. separately. Provided that a deficiency in attendances may be condoned for special reasons, as per the University rules

9.	The medium of instruction and examination shall be English. 
10       (i) The minimum number of marks required to pass a paper shall be 35% in the
    external examination and 35 per cent in the aggregate of internal and external
    examination in each paper. There is no pass percentage for internal part of the
    assessment. 
	The grace marks shall be allowed according to the general ordinances relating to "Award of Grace Marks"
 (ii)	Provided further that the entire M.Com (Finance) course has to be completed in a total period of Fours years from the date of his joining first semester of the course, otherwise, he shall be declared fail. 
11.	Subject to completion of attendance requirement and these Ordinances, there will be no condition of passing papers for promotion from odd semester to even semester in an Academic Session.
	A candidate placed under reappear in any paper, will be allowed two chances to clear the reappear, which should be availed within consecutive two years/chances i.e. to pass in a paper the candidate will have a total of three chances, one as regular student and two as reappear candidate. 
The examination of reappear papers of odd semester will be held with regular examination of the odd semester and reappear examination of the even semester will be held with regular examination of even semester. But if a candidate is placed under reappear in the last semester of the course, he will be provided chance to pass the reappear with the examination of the next semester, provided his reappear of lower semester does not go beyond next semester.  
	In case he fails within the prescribed period, as aforesaid, he shall be declared fail. He may, however, seek fresh admission to the first semester on merit with the new applicants. It is understood that a 'reappear' or 'failed' candidate shall be allowed to take the examination in papers  not cleared by him according to the date sheets of the semester examinations in which such papers may be adjusted. After completing two years of studies (i.e. four semester course), he shall not be admitted to any semester of the same course and will not have any privileges of a regular student. 
12.	Viva-voce examination shall be conducted by a committee consisting of the following. 
	1.	Two external experts 
	2.	One internal examiner (to be nominated by the Head of the Department) 
	3.	Head of the Department OR His nominee. 
	The quorum of Committee meeting would comprise one external examiner and one internal examiner. 
13.	As soon as possible after the completion of each semester, the Registrar shall publish a list of successful candidates showing their result. Each candidate shall be supplied with a card containing his/her details of marks. The list of successful candidates on the competition of M. Com. (Finance)  course shall be arranged in three divisions and the division obtained by the candidate will be stated in the degree. 

14.	Successful candidates who obtain 60% or more of the aggregate number of marks in Part-I and Part-II examinations taken together, shall be placed in first division; those who obtain 50% marks or more but less than 60% shall be placed in the second division: and those who obtain less than 50% and more than 35% shall be placed in the third division. Successful candidates who obtain 75% or more marks in the aggregate will be placed in the "First Division with Distinction". 
15.	A candidate who has passed M.Com (Finance) examination from this University shall have one chance, within a period of two years, after passing the examination, to improve his division in a maximum of 1/3 of total theory papers offered in both M.Com. (Finance) I & II examinations. The candidates shall also entitle to grace marks as admissible under the ordinance relating to grace marks. 

SYLLABUS

M.Com. ( Finance) Part-I under CBCS
(Semester I and II)
2017-2018 &2018-19  Sessions

First Semester

CORE PAPER
								Theory		Internal	Credit
										Assessment

MCF 101	Financial Accounting					70		30		  5
MCF 102	Management Concepts & Organisational		70		30		  5
		Behaviour		
MCF 103	Business Finance & Policy				70		30		  5
MCF 104	Research Methodology & Statistical	Techniques	70		30 		  5 
MCF 105	Viva-Voce								50		  2	

ELECTIVE PAPER      (ANY ONE GROUP)
Group-I :  aCCOUNTING & MANAGEMENT
MCF 106(i)	Accounting Theory and International Accounting    70		30	      	  5
GROUP-II:  BUSINESS LAWS & ECONOMICS
MCF 106(ii)	Business Environment 				70		30		  5
	
Second Semester
CORE PAPER

MCF 201	Accounting for Managerial Decisions		70		30		  5
MCF 202	Strategic Management				70		30		  5
MCF 203	Indian Financial System				70		30		  5 
MCF 204	Seminar								50		  3
ELECTIVE PAPER        (ANY ONE GROUP)
Group-I :  aCCOUNTING & MANAGEMENT
MCF 205(i)	Functional Management				70		30	        	  5

GROUP-II:  BUSINESS LAWS & ECONOMICS
MCF 205(ii)	Legal Framework of Business			70		30		  5	
Note:	1.	There will be summer training of 6-8 weeks during summer vacations after
		M.Com. ( Finance) Part-I (IInd semester).
                  2.	A Student opting a particular group from the above two groups, in first semester, will have to continue with the same group in all the semesters of the course.	

NOTE: OPEN ELECTIVE SUBJECT2017-2018 & 2018-2017)
paper: Basics of Accounting
FOR OTHER DEPARTMENT STUDENTS pART-i (IIND SEMESTER) 

DEPARTMENT OF COMMERCE
PUNJABI UNIVERSITY, PATIALA
 (1961 d/ gzikp n?eN BzL 35 sfjs ;Ekfgs)

	As per choice Based Credit Scheme (CBCS) and University policy, the student of M.Com. (Finance) course of the department of commerce, Punjabi University, Patiala, may opt any one subject from the following courses run by different departments (Allied and non allied subjects) in addition to the elective subjects offered in this course. 

Allied Subject 

1.	School of Management studies 				MBA 
2.	Department of Law 					L.L.M
3.	Department of Computer Science 			M.C.A 
4.	Department of Economics 				M.A. (Economics) 
5.	Department of Psychology 				M.A. (Psychology) 
6.	Department of Sociology 				M.A. (Sociology) 
7.	Department of Philosophy 				M.A. (Philosophy) 
8.	Department of Journalism 				M.J.M.C.
9.	Department of Public Administration 		M.A. (Public Administration) 

Non Allied Subjects/Areas

1.	 Department of Punjabi 					M.A. (Punjabi) 
2.	Department of Arts & Culture 				M.A. (Folk Art)
3.	Department of Relgious Studies 			M.A. (Religion)
4.	Department of History  					M.A. (History)
5.	Department of Political Science 			M.A. (Political Science)
6.	Department of Education & Information  		M.A. (Education)
	Sciences

Faculty of Engineering

1.	Computer Science & Engineering 			M.Tech.

NOTE: OPEN ELECTIVE SUBJECT (2017-2018 & 2018-2019)
paper: Basics of Accounting
FOR OTHER DEPARTMENT STUDENTS pART-i (IIND SEMESTER) 

 (2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (Ist semester)	

CORE PAPER

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	
PAPER MCF 101:     Financial Accounting

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
          Conceptual basis of Accounting-Nature and Purpose of accounting, basic Aaccounting  Concepts and Conventions, Accounting Records, Balance sheet equation, Accounting Cycle, Prepration of Profit and Loss account as per schedule VI of Companies Act 1956. 
      Accounting standards: Purpose, Development of International and Indian Accounting Standards,  Indian Accounting Standards (AS) 1,2 and 6  
      Issue, forfeiture and re-issue of shares; Issue and redemption of debentures; Issue of bonus shares and right shares; Underwriting of shares and debentures; Accounts of underwriters; Final Accounts and Financial statements of companies. 
Unit-II
Amalgamation, Absorption, and Reconstruction of Companies, Accounting for amalgamation of companies as per Indian Accounting Standard 14; Holding company Accounts; Accounting for internal reconstruction.
Liquidation Accounts; Accounts of banking companies and insurance companies; Valuation of goodwill and shares. 
Corporate Social Performance: Areas, measurement and public reporting of corporate social performance.

Suggested Readings:
•	Fischer ,P.M., W.J.Taylor and J.A.Leer; Advanced Accounting , South-Western , Ohio . 
•	Gupta. R.L:.Advanced Financial Accounting, S.Chand and Co. New Delhi. 
•	Kesio D.E. and J.J.Weygandt: Intermediate Accounting,. John Wiley and Sons, N.Y. 
•	Maheshwari , S.N.: Advanced Accounting, Vikas Publishing Housing, New Delhi. 
•	Narayanswamy , R : Financial Accounting : A Managerial Perspective, Prentice Hall of India, Delhi.
•	Neigs, R.F. : Financial Accounting, Tata McGraw Hill, New Delhi.

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (Ist semester)	

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	

PAPER MCF 102  :       MANAGEMENT CONCEPTS AND ORGANISATIONAL
BEHAVIOUR

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
	Nature and scope of Management, Development of Management Thought, Manager and his environment.
Managerial functions; Planning: Concept, Process and Types; Creative elements in decision making, Analytical aids to decision making. Organising: Concept, Principles, Developing Organisation Structure and Common Organisational Designs; Staffing; Directing.Controlling: Nature , Process and Techniques; Decision Making: Process, 
Organisational Behaviour ; Concept, Significance; Relationship between Management & Organisational Behaviour; Attitude; Perception; Learning; Personality.

Unit-II

	Motivation: need and theories. Group Dynamics and Team Development; Definition and importance, types of groups, group formation, group development, group composition, group performance factors, team development.
	Leadership: Theories and styles; Communication: Channels, Barriers, Types, Process, Making Communication Effective; Power and Politics.
	Organisation Culture; Concept, Creating & Sustaining Culture, learning culture; Work stress & its management.
	Organisational Conflicts; Sources, levels and types of conflict; Traditional and modern approaches to conflict; Functional and dysfunctional organisational conflicts; Resolution of conflict.
	Concept and Need for change, Resistance to change, Theory of Planned Change.

Suggested Readings:

•	Harold Koontz and Heinz Weihrich, Essentials of Management: An International Perspective, McGraw–Hill, New Delhi. 
•	Stephen P Robbins, David A. Decanzo, Fundamentals of Management, Pearson Education, New Delhi. 
•	Stephen P. Robbins, Timothy A. Judge,Seema Sanghi, Organisational Behaviour, Pearson Education, New Delhi.
•	K. Aswathappa, Organisational Behaviour, Text, Cases and Games, Himalaya Publishing.
•	Fred Luthans, Organizational Behavior, Mc Graw Hill.

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (Ist semester)	

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	

PAPER MCF 103: BUSINESS FINANCE AND POLICY

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
	Finance Function: Concept, scope and its relationship with other functional areas. Objectives of finance function: Profit maximisation vs wealth maximisation. Present value concept Time value of money. 
Investment Decision Making: Capital Investment decision making process, principles of capital budgeting. Methods for appraising capital investments- Discounted cash flow techniques, Non Discounted cash flow techniques . Capital rationing. Capital budgeting under risk and uncertainty.
Cost of Capital: Meaning and significance, cost of debt, preference capital, equity capital and retained earnings. Weighted average cost of capital.   
    
Unit-II
	Leverage: Concept, types, financial, operating and combined leverage, measurement and their impact on profit. Capital structure theories, Capital Structure Planning, Capital Structure in practice. Dividend Policy: Forms of dividend, theories of dividend policy, stability, dividend policy in practice. 

	Working Capital Estimation and Management. Operating cycle concept, Determinants of working capital, Management of inventory, cash and receivables.
Working Capital Financing: Spontaneous vs negotiated financing. Mergers and Acquisitions – Financial aspects.
Suggested Readings:
•	Chandra, Prasanna, Financial Management, Tata McGraw Hill, Delhi 
•	Pandey I.M., Financial Management, Vikas Publishing House
•	Van Horne. J.G. and J.M. Wachowicz Jr., Fundamentals of Financial Management, Prentice Hall, Delhi.
•	Van Horne, James G, Financial Management and Policy, Prentice Hall, Delhi
•	Khan, MY, Jain, PK, Financial Management,Tata McGraw Hill, New Delhi.
•	R.M. Srivastava : Financial Management and Policy, Himalyan Publishing House, Bombay. 
•	 J.J. Hampton : Financial Decision Making Concepts. Problems and Cases, Prentice Hall of India, New Delhi.

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (Ist semester)	

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	

PAPER MCF 104:  RESEARCH METHODOLOGY & STATISTICAL TECHNIQUES 

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit I
	Nature and Scope of Research –Characteristics, Objectives, Types of Research, Research Process: Steps in the research process, Formulating the Research Problem, Defining the Research Problem. Formulation of Hypothesis: Sources of Hypothesis, Characteristics of Hypothesis, Role of Hypothesis; Research Design: Features of a good research design, Types of Research Design,  Sampling : Steps in Sampling Design, Criteria of Selecting a Sample, Different Types of Sample Design, determination of sample size. Methods of Data Collection : Collection of Primary Data through Observation Method, Interview Method, Questionnaires, Schedules. Collection of Secondary Data: Sources of locating secondary data.  
Unit-Ii
	Statistical Inference and Tests of Hypothesis: Meaning of statistical inference, Parameter and Statistic, Standard error of a statistic, Testing of Hypothesis, Null and Alternative hypothesis, Confidence level and level of significance, Type-I and Type-II errors, One tailed and two tailed tests. Probability distributions: Binomial, Poisson and Normal distributions.  Statistical tests: Chi square, t-test, f-test, z-test &  Kendal's co-efficient of concordance(w-test). Report writing: Mechanics of report writing, preliminary pages, Main body, appendices. 

Suggested Readings:
•	Cooper, D. R. and Schindler, P.S., Business Research Methods,Tata McGraw Hill, New Delhi.
•	 Kothari, C. R., Research Methodology, New Age International. 
•	 Zikmund, Millian G., Business Research Methods, Thomson Learning, Bombay.
•	 Geode, Millian J. & Paul K. Hatl, Methods in Research Methods, Tata McGraw Hills, New Delhi 
•	Gupta S. P., Statistical Methods, Sultan Chand, Delhi
•	Goode, W. J. and Hatt, P. K., Methods in Social Research 
•	Young, P. V., Scientific Social Surveys and Research

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (Ist semester)	

ELECTIVE PAPER
GROUP-I: aCCOUNTING & MANAGEMENT

Lectures Delivered : 60				       Internal Assessment: 30 Marks
Time Allowed: 3 Hrs.				       External Assessment: 70 Marks

							        Credit		          :     5	
PAPER -  mcf 106 (i)    ACCOUNTING THEORY AND INTERNATIONAL ACCOUNTING

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
Accounting Theory: Nature, Foundations and Structure; Development of accounting standards in India; Corporate Social Performance: Areas, Measurement and Public Reporting of Corporate Social Performance. Accounting for Price Level Changes: Nature and Techniques; Accounting for Human Resources:  Need, Methods of Valuation; Environment Accounting. Corporate Reporting Practices in India and evaluation.  

Introduction to International Accounting : Interaction between accounting and its environment. Meaning and domain of international accounting.

	International financial reporting : concept and differences in international financial reporting. Reporting problems of Multinational Companies.

Comparative financial reporting in US, UK, China, Japan and India.

Unit-II
International harmonisation of financial reporting : Need, Role of IASB, OECD, EU and IOSCO (International Organisation of Securities Commissions), Convergence of accounting standards.

International transfer pricing : meaning, objectives, methods and regulation

	Accounting for foreign currency transactions and translation : approaches to accounting for foreign currency transactions, methods of foreign currency translation. Practices in various countries.

	Issues related to consolidation of financial statements of MNCs.

	International taxation : diversity of national tax systems, taxation of foreign source income and double taxation.
	Evaluating the performance of foreign operations.

Suggested Readings :
1.	Choi, Frederick D S and Meek, Garry K, "International Accounting", Pearson Education 5th edition. 2007.
2.	Doupnik, Timothy and Perara, Hector, "International Accounting", Mcgraw Hill international edition, 2007.
3.	Saudagaran, Shahrokh M. International Accounting - A Users perspective", Thompson, 2nd edition, 2007.
4.	Iqbal, zafar M, Melchar, Trini U, and Elmallah, Amin A, International Accounting : A Global Perspective". International Thomson publishing.
5.	Rathore, Shirin, "International Accounting", PHI

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (Ist semester)	
ELECTIVE PAPER
GROUP-II: BUSINESS LAWS & ECONOMICS

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	

PAPER MCF 106(ii) :  Business Environment
Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
	Theoretical  Framework of Business Environment : Concept, significance and nature of  business environment; Elements of environment : internal and external; Changing dimensions of business environment; Techniques of environmental scanning and monitoring.
	Economic Environment of Business ; Significance and elements of economic environment, Economic systems and business environment;

	Economic planning in India ; Government policies:  Industrial policy, fiscal policy, monetary policy, EXIM policy; Public Sector and economic development; Development banks and relevance to Indian business; Economic reforms, liberalisation and structural adjustment programme.

Unit-II
	Political and Legal Environment of Business ; Critical elements of political environment ; Government and business; Changing dimensions of legal environment in India; FEMA and licensing policy; Consumer Protection Act.
	Socio-Cultural Environment: Critical elements of socio-cultural environment; Social institutions and systems; Social values and attitudes; Social groups. 
	International and Technological Environment : Multinational corporations; Foreign collaborations and Indian business; Foreign Investments in India;  International economic institutions : WTO, World Bank, IMF and their importance to India; Impact of Rupee devaluation; demonitisation: pros, cons; Technological  environment in India ; policy on research and development; Patent laws; Technology transfer.

Suggested Readings:
•	Cherunilam, Francis, Business Environment,Himalaya Publishing House, New Delhi.
•	K Ashwathappa, Essentials of Business Environment, Himalaya Publishing House, New Delhi. 
•	M. Adhikary, Economic Environment for Business, Sultan Chand & Sons, New Delhi.
       Paul Justin, Business Environment: Text and Cases, Tata McGraw Hill Publishing
•	Mishra and Puri, Economic Environment of Business, Himalaya publishing house

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (IInd semester)	

CORE PAPER

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	

 Paper : MCF 201 : Accounting for Managerial Decisions

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-1
Introduction to Cost Accounting and Management Accounting and their interrelationship with Financial Accounting; Financial Statements : Meaning, types and Limitation of Financial Statements; Financial Statement Analysis: Ratio Analysis and AS 20, Common size statement Analysis, Comparative Analysis, Trend Analysis, Fund flow and Cash Flow Analysis (AS 3).      
 Accounting for Price level changes; Human Resource Accounting; Social and Environmental Accounting. 

Unit-II

           Introduction to Cost Behaviour; Absorption and Marginal Costing and their managerial implications; Cost-Volume-Profit Analysis; Standard Costing: types and fixation of standards; Variance Analysis: material, labour and overhead Variances; Budgetary Control System; Types of budgets; Introduction to Performance Budgeting and Zero Based Budgeting; Uniform Costing and Interfirm Comparison, Responsibility Accounting. 
           Contemporary Issues in Management accounting: Value chain analysis; Activity Based Costing; Activity Based Budgeting; Target and Life Cycle Costing; Quality Costing; Corporate Reporting Practices in India and its evaluation.
Suggested Readings:
•	M Y Khan & P K Jain, Management Accounting, Tata McGraw- Hill, New Delhi. 
•	Jawaharlal, Management Accounting, Himalaya Publishers, Mumbai.
•	Kulshrestha, N.K., Management Accounting, Tata McGraw Hill, New Delhi. 
•	Ramachandran, and Kakani, How to Analyze Financial Statements, Tata McGraw Hill
•	Ravi. M. Kishore, Cost Management, Taxman, Allied Services (p) Ltd.
•	Charles T. Horngren, George Foster, Srikant M. Data, Cost Accounting: A Managerial Emphasis, Prentice Hall of India, New Delhi. 
•	Anthony R.N, Management Accounting Principles, Grawin Publishing. 

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (IInd semester)	

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	
PAPER MCF 202	:  STRATEGIC MANAGEMENT 

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
	Business Policy: Meaning, Nature, and scope, Strategic Management: Meaning and Scope, Stages and Components, Strategic objectives: Types and hierarchy, Determination of Various objectives, Difference between business policy and strategic management, Sources of strategies and policies.
	Environmental Analysis and Diagnosis : Concept of environment and its components; Environment scanning and appraisal; Organisational appraisal; Strategic advantage analysis and diagnosis; SWOT analysis.

Strategy Formulation : modernisation, diversification, integration; Merger, take-over and joint strategies; Turnaround, divestment and liquidation strategies; Process of strategic choice : industry, competitor and SWOT analysis, Factors affecting strategic choice ; Generic competitive strategies : cost leadership, differentiation, focus, value chain analysis, bench marking, service blue printing.

Unit-II
	Functional Strategies : Marketing, production/operations and R&D plans and policies, Personnel and financial plans and policies, Strategy Implementation : Inter-relationship between formulation and implementation; Issues in strategy implementation; Resource allocation.
	Strategy and Structure : Structural consideration, structures for strategies; Organisational design and change ; Strategy Evaluation : Overview of strategic evaluation, Strategic control, Techniques of strategic evaluation and control; Global Issues in Strategic Management.

Suggested Readings:
Christensen C.Roland,Business Policy Text and Cases, Richard D.Irwin.Inc Homewood Illinois 
David, Fred R.,Strategic Management, Prentice Hall 
Kazmi azhar, Business Policy, Tata McGraw Hill, Delhi.
Michal E. Porter, The competitive strategy, Macmillan, New Delhi.
Prasad L.M., Business Policy & Strategic Management, Sultan Chand & Sons.

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (IInd semester)	

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	
PAPER MCF  203 	: INDIAN FINANCIAL SYSTEM

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
Introduction: Nature and role of financial system; Financial system and economic development; Indian financial system –an overview.
Financial Markets: Money and capital market; Money market – meaning , constituents, functions of money market; Money market instruments – call loans, treasury bills, certificates of deposits, commercial bills, trade bills etc; Recent trends in Indian money market; Capital Market - Primary and secondary markets; their role, functions and recent developments; Capital Market Instruments: Shares, Debentures/Bonds including Floating Rate Bonds, Zero Coupon Bonds, Deep discount bonds. Warrants, Derivatives: Futures, Options swaps. ADRs, GDRs, IDRs. Government securities market. SEBI: Objectives and Functions.

Unit-II
Reserve Bank of India: Organisation, management and functions;  Recent Monetary policy of RBI.Commercial Banks: Meaning, functions, Present structure of commercial banks in India, Public Sector Banks, Private Sector Banks, Foreign Banks, Regional Rural Banks  Emerging Trends in Indian Banking Sector. 
Development banks:  Concept, objectives, and functions of development banks; various development banks in India. Non-banking financial institutions: Concept, role and functions of non-banking financial institutions; Major sources of finance.
Interest Rate Structure: Determinants and recent changes in interest rate structure.
Suggested Readings:
•	Khan M.Y.,Financial System, Tata McGraw Hill, New Delhi. 
•	 Machiraju, Indian Financial System, Vikas Publishers.
•	Bhole, L.M.,  Financial Institutions and Markets, Tata McGraw Hill, New Delhi.
•	Pathak, B.V., The Indian Financial System : Markets, Institutions and Services, Pearson Publishers.  
•	Shah Ajay, Indian Financial Markets:  An Insider's Guide to How the Markets Work.  
•	P N Varshney & D K Mittal, Indian Financial System, Sulthan Chand & Sons

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (IInd semester)	

ELECTIVE PAPER
GROUP-I: ACCOUNTING & MANAGEMENT

PAPER- MCF 205(i)    Functional Management 

Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

UNIT-I
	Personnel Function: Importance, organisation of personnel Department, Manpower planning, recruitment and selection, Training and Development, Placement, Promotion and Transfer, Performance Appraisal; Wage and Salary administration. Production Management: Nature, Importance, Production planning and control. 
Unit-II
	Marketing : Meaning, Concepts, Marketing Environment, Identifying market segments and selecting target markets, Positioning the market offering through the Product life Cycle, Developing New Products, Designing Global  market offering, Managing product lines and brands, Designing and managing services, Designing pricing strategies, Managing  Marketing Channels, Managing integrated Marketing Communications. Online Marketing : merits, demerits and future prospects.

Suggested Readings:
•	 Decenzo, David A. and Robbins, S.P. Fundamentals of Human Resource Management,Wiley and Sons Ltd. 
•	 Flippo, Edwin B., Personnel Management, McGraw Hill. 
•	Dwivedi, R.S. : Managing Human Resources : Personnel Management in Indian Enterprises, Galgotia Publishing Company, New Delhi.
•	Kotler, Philip : Marketing Management-Analysis, Planning and Control Kotler, Keller, Koshy and Jha, Marketing Management-A South Asian Perspective, Pearson
•	Ghandi, J.C. : Marketing : A Management Approach

(2017-2018 & 2018-19)
	Syllabus of M.Com. ( Finance) Part-I (IInd semester)	
ELECTIVE PAPER
GROUP-II: BUSINESS LAWS & ECONOMICS
Teaching Hours per week : 5					Internal Assessment : 30 marks
Time Allowed: 3 Hrs						External Assessment: 70 marks
								Credit		         :  5	
PAPER   MCF 205(ii) :  Legal Framewok of business
Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
Companies Act: Overview of the changes introduced in the Act 2013; Administration of Company Law [including NCLT, NCLAT and Special Courts]; Piercing the Corporate Veil; Types of Companies.  Formation and Incorporation of a Company: on-line filing of documents, promoters, on-line registration of a company. Memorandum and Articles of Association, Prospectus. 
Management : Classification of directors, women directors, independent director, small shareholder’s director; disqualifications, director identity number (DIN); appointment; Legal positions, powers and duties; removal of directors; Meetings: Meetings of shareholders and board of directors;  meeting through video conferencing, e-voting;  Winding Up. 
UNIT II
Law relating to Intellectual Property: law and procedure relating to patents, trademarks and copyrights; geographical indications; design act; intellectual property appellate board. Competition Act 2002: Concept of competition, anti competitive agreements, abuse of dominant position, combination, regulation of combinations, competition Commission of India. 
	Information Technology Act 2000: Objectives and Salient features, Powers and penalties, Adjudicating officers, Powers under the Act, Debt recovery Tribunal: Right to Information Act, 2005- Concept of right to information, obligations of public authorities, request for obtaining information, disposal of request, exemption from disclosure of information, Central Iinformation Commission: powers and functions of Central Information Commissions, appeals and penalties.
Suggested Readings:
•	N.D. Kapoor, Elements of Company Law, Sultan Chand & sons, New Delhi. 
•	N.D. Kapoor, Elements of Mercantile Law, Sultan Chand & sons, New Delhi. 
•	Gulshan, S.S. A Hand book of Corporate Laws, S. Chand & Co, New Delhi. 
•	Kuchhal, M.C. Mercantile Law, Vikas Publishing House, New Delhi. 
•	Shukla, M.C. a Manual of Mercantile Law, S. Chand & Co.,New Delhi.

OPEN ELECTIVE SUBJECT
(2017-2018 & 2018-2019)
Basics of Accounting
FOR OTHER DEPARTMENT STUDENTS pART-i (IIND SEMESTER) 

Time Allowed: 3 Hrs.						Internal Assessment   :   30 Marks
Lectures delivered: 60						External Assessment  :   70 Marks
								Credit		          :     3 	  

Instructions for Paper Setter/Examiners
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 
OBJECTIVE
To Impart basic accounting knowledge as applicable to business.
UNIT I
	Meaning and Scope of Accounting; Need, development of accounting; Book-keeping and accounting; Stakeholders in accounting; Branches of accounting; Objectives of accounting. Accounting Principles: Concepts and conventions, Development of Indian and International Accounting Standards.
	Accounting Transactions: Accounting Cycle; Journal; Rules of debit and credit; Compound journal entry; Opening entry; Relationship between journal and ledger; Rules regarding posting; Trial balance; Sub division of journal. 
UNIT II
	Bank reconciliation statement:  Meaning and need for bank reconciliation statement; Preparation of a bank reconciliation statement. 
	Capital and Revenue: Classification of Income; Classification of expenditure; Classification of receipts. Final accounts; Manufacturing account; Trading account; Profit and loss account; Balance sheet; Adjustment entries. Introduction to Computerised Accounting System: Components ,  Features, Grouping of Accounts. Advantages and Limitations of Computerised Accounting System. 
Suggested Readings
1. 	Anthony, R.N. and Reece, J.S.: Accounting Principles; Richard Irwin Inc.
2. 	Gupta, R.L and Radhaswamy, M: Financial Accounting; Sultan Chand and Sons, New Delhi.
3. 	Monga J.R., Ahuja Girish, and Sehgal Ashok: Financial Accounting; Mayur Paper Back, Noida.
4. 	Shukla. M.C., Grewal T.S., and Gupta, S.C.: Advanced Accounts; S. Chand & Co. New Delhi.